I'm pretty sure it went up more than 5% last night, only to give it all back. My price target for CL is 17-ish. So expecting more selloff in the coming days.
I've 100% given up on CL & NG, ruled it out for any future trading / investing. There are far much better opportunities about, imo it no longer is a growth industry, is a relic of a bygone era, there is now too much competition in that market to make it viable imo.
Yes, we had discussed this. The June contract reflects future supply/demand changes as well as production-level cut-backs. Of course the premium will come in as reality sets in on the market and we get closer to the June expiration date....and a much lower spot rate.
Thanks to all those who are storing the oil on containers. Last time I've heard, tanker rates doubled recently.
$ZM is what?? soybeans?? or zoom technologies?? Vanzandt i just realized we too go way back then since the gallon card post 3 years ago,, damn time flies